Congratulations, your student loans were your only installment loans, and you’re about to pay them off. You may be wondering from a credit score standpoint: Is this a problem? Not really. Here’s why. The five factors Your credit score has five major elements: Your history of paying on time. How much of your available credit you’re using. How long...
The article Student Loans Are My Only Installment Loan, and I’m About to Pay Them Off — Problem? originally appeared on NerdWallet.
from NerdWallet
https://www.nerdwallet.com/blog/finance/student-loans-only-installment-loan-paid-problem/
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